Punjab National Bank

Punjab National Bank's net profit slumps 70% on mark-to-market losses

The Managing Director and CEO of the bank, Atul Kumar Goyal, told media that the bank suffered mark-to-market losses to the tune of Rs 1,700 crore due to increase in interest rates.

published on : 30th July 2022

Transfer of bad loans to NARCL likely to start by September

Banking sources told The New Indian Express that no banks have begun the transfer of loans yet and the same is likely to start only by the end of the September quarter.

published on : 29th July 2022

Economic Offences Wing arrests CA in Rs 6.18 crore PNB loan scam

The Economic Offences Wing (EOW) of Crime Branch arrested a chartered accountant from New Delhi for his alleged involvement in Punjab National Bank’s (PNB) Rs 6.18 crore loan scam.

published on : 26th July 2022

CBI files chargesheet against toy firm for 'Rs 2,040 crore fraud'

Hanung Toys and Textiles was engaged in manufacturing and exports of stuffed toys, home furnishing items, dyeing and bleaching, and processing of fabrics.

published on : 17th June 2022

CBI files charge sheet against Delhi-based toy firm for ‘Rs 2,000 crore fraud’

It was also alleged the company had inflated its turnover by entering into non-genuine transactions with certain parties.

published on : 17th June 2022

PNB raises benchmark lending rate by 0.15 per cent; EMIs to go up

The new rates are effective from June 1, PNB said in a regulatory filing. The revision follows an off-cycle rate increase by the Reserve Bank in May.

published on : 1st June 2022

PNB likely to reduce stake in UTI AMC, Canara HSBC OBC Life in FY23

The bank holds 23% in Canara HSBC OBC Life Insurance and 15% in UTI Mutual Fund.

published on : 13th May 2022

Foundation Day of Punjab National Bank celebrated

On the occasion, A Udaya Bhaskar Reddy, general manager, Vijayawada circle head conveyed wishes to all customers, stakeholders and staff members.

published on : 13th April 2022

PNB lead bank for newly-formed district in Meghalaya 

A bank having a relatively large network of branches in rural areas of a district with adequate financial and manpower resources is generally given the lead bank responsibility for that district.

published on : 23rd March 2022

PNB reports loan fraud of Rs 2,000 crore by  IL&FS Tamil Nadu Power

The company had a payment due of Rs 7,181 crore at the end of March 31, 2021, according to its annual report.

published on : 16th March 2022

Punjab National Bank's chief manager arrested for collusion in Rs 400 crore loan scam: Police

Some of the former employees of the bank who colluded in the scam too would be arrested soon, the SP said.

published on : 9th March 2022

Awaiting government, RBI guidelines on SWIFT transactions with Russian entities: PNB 

In view of the ongoing war between Russia and Ukraine, several countries including the US, Canada and certain European nations have blocked some Russian banks from using SWIFT.

published on : 6th March 2022

PNB posts 123% increase in net profit

Punjab National Bank (PNB) posted a 123% year-on-year (yoy) increase in net profit at Rs 1,127 crore in the third quarter of the current financial year (2021-22) largely on lower provisions.

published on : 28th January 2022

Atul Kumar Goel PNB’s MD; hunt is on for Union Bank CEO

The ACC has also cleared name of Soma Sankara Prasad, currently Deputy Managing Director, State Bank of India, as Managing Director and Chief Executive Officer in UCO Bank. 

published on : 28th December 2021

RBI imposes penalty on PNB, ICICI Bank for deficiencies in regulatory compliance

In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.

published on : 15th December 2021

CBI conducts searches in Odisha, Uttarakhand in Rs 140-crore loan fraud case

"Searches were conducted at the property of the accused in Cuttack and in Dehradun. Further investigation is continuing," said a CBI officer.

published on : 25th November 2021

Delhi HC seeks Centre's stand on banker's challenge to dismissal from service

Usha Ananthasubramanian was dismissed in August 2018, from Allahabad Bank on the allegation that she failed to exercise proper control over the functioning of PNB while serving as MD of the bank.

published on : 12th November 2021

Public sector banks observe Vigilance Awareness Week

The staff members of the bank actively participated in the walkathon and parade at Bandar Road with banners, placards and raised slogans against corruption. 

published on : 1st November 2021

Punjab National Bank shares tumble nearly 10 per cent after Q2 earnings

The state-owned bank reported a 78 per cent rise in net profit to Rs 1,105 crore for the second quarter ended on September 30 despite a fall in income.

published on : 28th October 2021

No need to approach govt for capital; bank to raise funds from market: PNB MD

Shares of the bank were hovering around Rs 65 level during the last week of August 2019 as compared to Rs 35.30 on Monday on the BSE.

published on : 24th August 2020
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